This global edition, which hasa been developed specifically to meet the needs of international managerial accounting students. In addition to the latest examples of both contemporary and traditional topics and new chapter summaries structured around learning objectives, new material has been added to make the content more relevant and improve learning outcomes for the international student. Enhancements to the Global Edition include: New focus and contrast companies highlighting managerial accounting issues faced around the world. New references to IFRS as well as worldwide control regulations. Updated "Management Accounting Practice," "In Their Own Words," and "Focus on Ethics"feature boxes. Expanded discussion of transfer pricing to include broader coverage of the role international taxation in setting prices, and the role of national and supranational organizations in the regulation of this practice. Modified end-of-chapter material including new global company examples.